LEIPZIG, Germany -- Global transport leaders have called for the importance of bolstering environmentally friendly transportation during these times of climate, health and geopolitical crisis at this year’s International Transport Forum’s annual summit in Leipzig, Germany. “The world is facing what can be described as a polycrisis, in other words, a situation with multiple simultaneous disruptions that interact and can quickly spill over from one area to another,” said IT

Hyundai Motor Group revealed Monday new concept images of its envisioned landmark named Global Business Complex with an emphasis on creating a foothold in global innovation for the future mobility industry and an eco-friendly site in Seoul. The auto conglomerate said the change in the GBC’s name, which was originally known as the Global Business Center, highlights the new landmark’s inclusiveness for visitors. Hyundai Motor plans to build two 55-story buildings at a height of 242 met

진행자: 간형우, Ali Abbot Seoul transit pass for travelers to be available starting July 기사 요약: 서울시, 오는 7월 중 기후동행카드 단기권인 '관광권'을 출시해 내·외국인 관광객들에게 맞춤형 서비스를 제공할 계획 [1] Seoul's all-inclusive transit pass, the "Climate Card," will soon be available for short-term use by visitors to Korea starting in July, the Seoul Metropolitan Government said Sunday. *inclusive: 포함된 *term: 용어, 기간 [2] The city's initiative to introduce a short-term pass, available for one, two, three,

Lotte and SK both made announcements of progress in their entries to the US EV charging market Thursday, joining LG as Korean conglomerates competing in the burgeoning sector. Lotte Innovate announced Thursday that it had recently established EVSIS America, a US unit of its EV charging subsidiary and secured about 3,300 square meters of land in California to build an EV charger factory. Lotte Innovate plans to complete preparations for the California plant’s production lines before the end

Researchers at the Korea Advanced Institute of Science and Technology have developed the world’s first technology to extend the lifespan of electric vehicle batteries by 10 to 20 percent, KAIST said Thursday. The study, which was supported by Hyundai Motor Group, came up with a triazole-motivated electrolyte additive that can significantly increase the duration of lithium-ion batteries. According to the researchers, the new electrolyte additive succeeded in protecting lithium iron phosphat

진행자: 간형우, Ali Abbot ‘Monk’ DJ spreading Buddhism goes global 기사 요약: ‘아시아 대세’된 뉴진스님 윤성호, 아시아로 불교 문화 전파 가속화 [1] A South Korean DJ-comedian in a Buddhist monk’s robe is making strides in Korea and abroad with the backing of Korea’s largest Buddhist sect that has employed him as part of its outreach to wider audiences. *monk: 수도승 *make strides: 큰 발걸음을 내딛다 or 장족의 발전을 하다 *outreach: 봉사활동, 사회공헌활동 [2] Yoon Seong-ho, the DJ known as the Ven. New Jean, will close the t

South Korea took the initiative to lead standardization in the global advanced air mobility sector as it launched the Global Association for Advanced Air Mobility, or G3AM, in Seoul on Tuesday. According to the Ministry of Science and ICT, the G3AM is the world’s first global association for AAM standardization. A total of 67 companies have joined the association as members, including Korean firms such as Korean Air, Hanwha Systems, Hyundai Motor, SK Telecom, KT and LG Uplus, the US&rsqu

Hyundai Motor Group’s plan to build a new headquarters called Global Business Center, or GBC, as a landmark in southern Seoul still faces bumps after having already undergone decade-long obstacles as it continues struggling with the Soul Metropolitan Government to find common ground on height. The dispute was recently reignited when it was reported that the Seoul Metropolitan Government intended to reject Hyundai Motor’s new plan to build two 55-floor main buildings instead of the ea

Korea will put Naver’s interest in the forefront in coming up with countermeasures to cope with the Korean IT firm’s conundrum of the Japanese government’s pressure on Naver to give up its ownership in Line, a leading messaging app in Japan that Naver has fostered for over a dozen years, the Korean science minister said Wednesday. “Regarding Japan’s administrative guidance of (Line), we have been continuously and closely cooperating with Naver to guarantee the maxim

Hanwha Solutions will receive additional tax credits of about $140 million from the United States government this year as it has completed the construction of a solar module production plant in Georgia and recently begun operations there, the Korean company said Tuesday. According to Hanwha Qcells, Hanwha Solutions’ US solar energy subsidiary, the company completed the construction of solar module production lines at the Cartersville plant at the end of April. The site will be capable of p

Hyundai Motor Group will invest 1.29 trillion won ($946 million) in Motional, a US-based autonomous driving startup, to boost technological development and secure stable control of the startup, the Korean auto conglomerate said Friday. Hyundai Motor will spend 663 billion won in capital increase and another 620 billion won for acquiring Aptiv’s 11 percent share in Motional, bringing the auto giant’s total share to 66.8 percent. The auto giant’s three affiliates -- Hyundai Motor

Hyundai Motor Company is looking to spearhead the hydrogen-powered truck business in the United States as the Korean automaker welcomed the official launch of NorCAL ZERO Project, a pro-environment initiative using the company's hydrogen fuel cell technology to bring zero-emission freight transportation to the San Francisco Bay Area and California's Central Valley, on Friday. "The NorCAL ZERO Project in Oakland marks a significant step forward in realizing Hyundai's vision fo

Korea’s new state space agency, the Korea AeroSpace Administration, or KASA, will focus on rearranging roles with the private sector to support companies to lead commercial space developments while the government concentrates on long-term space projects, the nominee for the top leadership position at KASA said Thursday. “So far, Korea’s space sector has been led by the government out-sourcing projects to the industry,” said Yoon Young-bin, an aerospace engineering profess

The Paris Agreement, an international treaty on climate change, calls for limiting the global temperature increase to 1.5 degrees Celsius above pre-industrial levels, stressing that emissions need to be reduced by 45 percent by 2030 and reach net zero by 2050. Nobuo Tanaka, former executive director of the International Energy Agency, says that the world needs to do a lot more to countermeasure global warming and achieve these goals. “The IEA’s net zero by 2050 scenario tells us th

GS Group Chairman Huh Tae-soo has reiterated the significance of digital transformation as the Korean energy, retail and construction conglomerate continues to seek out business innovation opportunities. According to GS Group on Wednesday, Huh and several CEOs of the conglomerate’s major affiliates such as GS Retail, GS Energy, GS Caltex and GS Engineering & Construction, held an annual overseas CEO meeting in Seattle from Monday to Tuesday and visited Microsoft's headquarters a

Naver, Intel and the Korea Advanced Institute of Science and Technology will set up a joint lab in Korea to lead the new global ecosystem for artificial intelligence semiconductors, KAIST announced Tuesday. The joint lab called NIK AI Research Center will be established on the KAIST campus in Daejeon in the first half of this year and begin research in July. KAIST said that the joint research center will be run for three years, adding that its operation can be extended depending on research achi

Hanwha Systems, a defense electronics and ICT solutions provider under the Korean conglomerate Hanwha Group, broke ground on a space center in Jeju on Monday. Named the Jeju Hanwha Space Center, the new facility will be capable of developing and manufacturing satellites. Hanwha Systems plans to complete the construction by the end of next year. “The Jeju Hanwha Space Center will create innovative technology and economic value as a birthplace for satellite development and manufacturing,&rdq

진행자: 간형우, Ali Abbot Culture Ministry, KTO unveil Hallyu-themed tours 기사 요약: 문체부-관광공사, 해외 방문객 대상으로 한국 콘텐츠에 기반한 관광상품 7종 선보인다 [1] The Ministry of Culture, Sports and Tourism and the Korea Tourism Organization are looking to woo Southeast Asian and Middle Eastern tourists with new Hallyu-themed tour packages. *woo: 구애하다 [2] “Despite the rising popularity of Korean content, some travel destinations have not been promoted properly due to their low accessibility and intellectual property right

Kakao Games has decided to scrap using English names among its employees, becoming the first Kakao affiliate to backtrack on the IT front-runner’s attempt to make a more bottom-up working environment with open communication. Kakao Games CEO Han Sang-woo, whose English name is Michael, announced the decision in a meeting with employees on April 17, noting that there had been confusion as its workers had to use English names inside the company but went by their Korean names for external comm

진행자: 간형우, Ali Abbot Korea's food inflation surges to third-highest in OECD 기사 요약: 2월 식료품·음료 물가상승률 7% 기록한 한국, 2년 3개월 만에 OECD 평균 넘어섰다 [1] South Korea's food inflation spiked to 6.95 percent in February, the third-highest among member countries of the Organization for Economic Cooperation and Development. *inflation: 물가 상승율, 부풀리기 *spike: 급등하다, 못 [2] The OECD statistics for February announced Sunday reveal that Korea ranks third among 38 OECD member countries in terms of food and